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BRIEF-Black Mountain Resources Says It Secured A Farm- In Partner For Project In Uganda

Published 15/06/2018, 11:29 am
© Reuters.  BRIEF-Black Mountain Resources Says It Secured A Farm- In Partner For Project In Uganda
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June 15 (Reuters) - Black Mountain Resources Ltd BMZ.AX :

* SECURED A FARM- IN PARTNER FOR ITS BUSUMBU PHOSPHATE PROJECT IN UGANDA

* BLACK MOUNTAIN RESOURCES-PARTNERSHIP TO RESULT IN CO RETAINING 24% OF PROJECT & BEING FREE CARRIED FOR FIRST $3M SPENT OF EXPLORATION AND DEVELOPMENT

* BLACK MOUNTAIN RESOURCES - BMZ AND NAMEKARA MINING COMPANY REACH AGREEMENT WITH AFRICAN MINERALS VENTURES LTD TO EARN 51% OF BUSUMBU PHOSPHATE PROJECT

* BMZ RETAINS A 24% FREE CARRIED INTEREST IN PROJECT FOR FIRST US$3M SPENT BY AFRICAN MINERALS VENTURES

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